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General Topics
Bankruptcy is Alive and Well. DON'T BELIEVE THE HYPE!
Chapter 7, specifically
Chapter 13, specifically
What is bankruptcy
Are there alternatives
Am I eligible
Can I keep property
How to decide
Does my spouse have to file
How long does it take
What will it cost
What will bankruptcy stop
Should I tell my creditors
What about my home
Should I load up on debt
Can I include utilities
Include all debts & property
What happens at the hearing
I have a business
Secured creditors
Are bankruptcies reported
Are employers notified
Can I cancel my bankruptcy
Types of bankruptcies
Do I attend a hearing
What should I do
What will it cost?


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Am I eligible to file bankruptcy?

Chapter 7 and Chapter 13 bankruptcies have different eligibility requirements:

To qualify for a Chapter 7 bankruptcy, you must have lived in Ohio for the last three months, you must not have filed a bankruptcy for eight  years, and you must owe at least one dollar. 

To qualify for a Chapter 13 bankruptcy, you must have lived in Ohio for the last three months and owe at least one dollar. In addition, you (or your spouse) must have a somewhat regular and steady income, and your net (take-home) income must be greater than your normal Monthly expenses after your bills are discharged in the bankruptcy. 

In both chapters the rules about filing are more complicated since the law was changed on October 17, 2005.   Please contact an attorney for specifics as to your eligibility.

You may be able to file a Chapter 13 Bankruptcy even if you have filed another bankruptcy within the last six years. Chapter 12 bankruptcies are for farmers. In order to qualify for a Chapter 12 bankruptcy, at least one-half of your prior year’s gross income must have been earned from farming, and at least 60% of your debt (not including any debt on your house) must be from farming.